Why Nigeria Did Not Sign AfCTA - Buhari
Buhari is running for a second term in office (image courtesy State House)

President Muhammadu Buhari has said the country will not be signing agreements without fully understanding what it entails.

Buhari said this on Monday in Abuja during the inauguration of the committee for the assessment of the impact and readiness for the Africa Continental Free Trade Area Agreement.

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The committee has the Minister of Industry, Trade, and Investment Okechukwu Enelamah, as chairman, and the Chief of Staff to the President, Abba Kyari, as co-chairman.

“Our ERGP is addressing these issues. Nonetheless, we are determined to break away from the past practice of committing Nigeria to treaties without a definite implementation plan to actualise the expected benefits, while mitigating the risks,”  Buhari said.

“We cannot go back to the days of signing agreements without understanding and planning for the consequences of such actions, and our country being the worse off.

“Your task as members of the AfCFTA Impact and Readiness Assessment Committee is to address the issues raised during the nationwide stakeholders’ consultations on the AfCFTA.”

He added, “You are expected to develop short, medium and long-term measures that will address any challenges arising therefrom.

“I look forward to receiving from you in 12 weeks, a clear roadmap for Nigeria as it relates to the AfCFTA.”